Vodafone Idea Submits SEBI Compliance Certificate for Q4 FY26 with Zero Share Movement

Vodafone Idea Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories & Participants) Regulations, 2018 for the quarter ended 31 March 2026. The certificate was filed with both the National Stock Exchange of India Limited and BSE Limited on 3 April 2026, ensuring adherence to regulatory requirements for depository operations.

Regulatory Compliance Certificate

The certificate was prepared and submitted by Bigshare Services Pvt. Ltd., the company's Registrar and Share Transfer Agent, and forwarded to the stock exchanges by Company Secretary Pankaj Kapdeo. This quarterly filing is a mandatory requirement under SEBI regulations to ensure transparency in share dematerialization and rematerialization processes.

Share Movement Activity

During the quarter from 1 January 2026 to 31 March 2026, the company reported zero activity in both share dematerialization and rematerialization across both major depositories:

Depository	Shares Dematerialized	Shares Rematerialized
NSDL	Nil	Nil
CDSL	Nil	Nil
Total	Nil	Nil

Demat Holdings Status

As of 31 March 2026, Vodafone Idea maintained a total of 1,08,34,30,18,093 shares in dematerialized form. This substantial figure represents over 99.9999% of the company's total paid-up equity share capital, indicating an almost complete transition to electronic form of shareholding.

Compliance Confirmation

The registrar confirmed that all securities received from depository participants during the quarter were properly processed and confirmed to the depositories. The certificate also validates that security certificates received for rematerialization were appropriately mutilated and cancelled after verification, with depository names substituted in the register of members within the stipulated 15-day timeframe.

This filing demonstrates Vodafone Idea's continued compliance with SEBI's depository regulations and maintains transparency in its share transfer and holding processes for the quarter ended 31 March 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.10%	-3.10%	-14.87%	+2.82%	+6.57%	-8.27%

Vodafone Idea has received a significant legal reprieve as the Supreme Court has allowed the telecom operator to reconsider its Adjusted Gross Revenue (AGR) dues. This development represents a crucial milestone in the company's ongoing efforts to address regulatory obligations that have substantially impacted the telecommunications sector.

Supreme Court Decision Details

The apex court's ruling encompasses two key aspects that could influence Vodafone Idea's regulatory standing. The court has granted permission for the reconsideration of AGR dues, potentially providing the company with an opportunity to reassess its financial obligations under the AGR framework.

Decision Aspect	Details
Reconsideration Permission	Granted for AGR dues
Order Scope	Limited to Vodafone Idea only
Court Level	Supreme Court

Clarification on Order Scope

In a significant clarification, the Supreme Court has specified that the AGR order applies exclusively to Vodafone Idea. This targeted application suggests that the ruling's implications may be contained to the specific circumstances of this telecom operator, rather than setting a broader precedent for the entire industry.

Industry Context

The AGR matter has been a longstanding issue for Indian telecom operators, with significant financial implications across the sector. This Supreme Court intervention in Vodafone Idea's case provides a specific legal pathway that may influence how similar matters are addressed in the future, while maintaining clarity about the limited scope of this particular ruling.